KOSPI (SEOUL.NDX) - Close: 2 025.05 (-2.29), Jul 27, 2016

Chart Technical Analysis KOSPI (SEOUL)

rsi chart
 Weak Positive Candidate -Medium term, Jul 27, 2016Analysis Explanation
KOSPI has risen up towards the ceiling of the falling trend channel. A continued decline may be expected and the current price level may be a good exit price. Has given positive signal from a rectangle formation by a break up through the resistance at 2007. Further rise to 2234 or more is signaled. The index has marginally broken up through the resistance at points 2020. An established break predicts a further rise. RSI is overbought. This shows that the momentum of The index is strong and that the price may well rise further in the short term. We should see a decline in the RSI chart before this is seen as a negative signal. The index is overall assessed as technically slightly positive for the medium long term.

1 day-0.58%814.58-0.11%
5 days34.422.01%722.15+0.48%
22 days7.905.11%336.57+5.18%
66 days13.069.86%112.19+0.47%
Trend -3%1761.88 - 2064.04
Moving average2016-07-26
Long Term Trading Range2016-07-26
Short Term Trading Range2016-07-04
Double Bottom Pattern2016-03-02


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